Jigawa State has secured a major investment breakthrough as Hefei Shengwen Information Technology Company Limited of China has indicated strong interest in committing approximately $2 billion toward industrial development projects across the state.
The indication was made by the President and Chief Executive Officer of the company, Mr Ren Mingyong, during a farewell dinner hosted by Governor Umar Namadi for the Chinese delegation at the Banquet Hall of Government House, Dutse, following the conclusion of the investors’ days long assessment visit to Jigawa State.
The proposed investment, which is expected to focus on the revitalization of the Maigatari Border Free Trade Zone and the establishment of multiple industrial ventures, is yet another major step in Jigawa State’s drive to attract strategic foreign direct investment and accelerate industrialization.
Speaking at the dinner, Mr Ren disclosed that the company had carefully studied Jigawa State’s investment climate and was impressed by the opportunities available across key sectors.
According to him, the delegation had seen enough to convince them of Jigawa’s readiness for large-scale industrial partnership.
